# LABA7

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/laba7

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Vilnius, Lithuania
- Website: www.laba7.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Nov 24, 2022)
- Investors on record: 2

## About

Based in Lithuania, and founded by Andrius Liškus, Sprendimu laboratorija, UAB, doing business as LABA7, operates as a designer and manufacturer of motor vehicle parts, including shock absorber testing, diagnostics, and service equipment. In November 2022, LABA7 raised EUR 0.640 million in seed funding led by investor Lithuanian Business Angel Network, with participation from another investor Koinvesticinis Fondas.  As of 2022, the company has partnered with companies like Andshock Raceservice, Mike's Shock Shop, The Styrian Flow, and many more.

The company offers various automobile products that include the Featherlight Shock electric motor, Light Shock, Mid Shock Dyno, Spring Rate Dyno, Mini Spring Rate, Vacuum Pump PRO, and Vacuum Pump. The company also provides software that connects with a shock dyno or spring tester via Wi-Fi.

The company generates revenue by selling various products that vary from EUR 500 to EUR 17,000.

The company plans to use the November 2022 funding to strengthen the research and development division, expand its product portfolio, and invest in marketing and PR efforts.

## Funding rounds

- Seed, Nov 24, 2022, $0.7M — Coinvest Capital, Lithuanian Business Angel Network

## Investors

- Coinvest Capital (https://capitalatlas.ai/funds/coinvest-capital) — Seed
- Lithuanian Business Angel Network — Seed